Gandhimathi Appliances Ltd was established by V Murugesa Chettiar in 1986 and converted intoa public limited company in 1990, Presently, the group is headed by V M Lakshminarayanan, Chairman and Managing Director and has 2600 employees. In FY17, the company’s revenue Rs 447.35 cr entirely came from branded products and not from government orders. The company incurred a loss of Rs 23.74 cr in FY 17 due to adverse market conditions and no government orders. The company doesn’t fare well on return on equity, assets and net profit margin but has given 137% returns on a half-yearly basis and 157.94% on yearly basis.

IFB Agro has witnessed its share price rise steadily to 865 this month from a low of 525 last month. It is the largest manufacturer of Indian Made Indian Liquor in India. On technical charts MACD Line has witnessed a bullish crossover signaling buying trend while RSI of 69.57 indicates buying. Price Earnings Ratio of 27.19 indicates moderate valuation by market.

Associated Alcohol has witnessed a steady growth from a low of 240 last month to 363 on Tuesday although there is not much of a trading activity in this counter. On technical charts, RSI of 83 indicates bullish oversold position while ADX of 33.17 indicates uptrend and MACD has witnessed a bullish crossover signaling a buying trend.

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